Tastes change with age. I’d always thought of gold watches as gaudy. In bad taste. Self-indulgent. Hedonistic. Either that, or I considered them watches for old people. For retirees. But recently it struck me how fun it would be to wear a gold Grand Seiko as an everyday watch. To wear to the office. To wear pumping gas. Solid gold Grand Seikos are sexy.
Collecting watches is an enjoyable hobby, but usually not a good investment. Yet, with the steadily weakening US dollar caused by fears of a looming economic recession in America, watches with 18 karat gold cases, such as Grand Seikos, become more valuable each year. The chart above shows how gold has appreciated over the past seven years. Last week, gold traded at over $700 US per ounce. Gold is a good hedge against inflation.
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